I am an academic, and I have always made it clear that my ultimate home is in the realm of ideas.
From Raghuram Rajan
Indian-ness, love for your country, is complicated. For every person, there is a different way that you show respect for your country... my mother-in-law will say karmayogi is the way to go - do your work.
Too many years away from academia renders you pretty incompetent at research and teaching. So I had to go back.
By killing transparency and competition, crony capitalism is harmful to free enterprise, opportunity, and economic growth. And by substituting special interests for the public interest, it is harmful to democratic expression.
How do we get more politicians to move from 'fixing' the system to reforming the system? The obvious answer is to either improve the quality of public services or reduce the public's dependence on them. Both approaches are necessary.
Uncertainty of any sort results in volatility, and Brexit will be no exception.
Monetary policy is like juggling six balls... it is not 'interest rate up, interest rate down.' There is the exchange rate, there are long term yields, there are short term yields, there is credit growth.
The problem with forbearance is that it always looks like a good thing to do until it stops working.
I have said repeatedly that the way to sustainable growth is to bring down inflation to much more reasonable levels.
If economists were to wait for careful studies before offering opinions about policy, we would never have anything timely to say.
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